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Monday, February 28, 2022

NYSE, Nasdaq halt trading of Russia-based companies

 The New York Stock Exchange and the Nasdaq MarketSite have temporarily halted trading in select Russian companies listed on their respective exchanges. 

Per a notice with the NYSE, the listed companies are Mechel PAO, American Depositary Shares – each representing two ordinary shares – and Mobile TeleSystems Public Joint Stock Company and Cian PLC American Depositary Shares, each representing one ordinary share. 

TickerSecurityLastChangeChange %
CIANCIAN PLC3.40+0.09+2.72%
MTLMECHEL OAO2.25-0.05-2.17%
MBTMOBILE TELESYSTEMS5.50-0.52-8.64%

Sources familiar with exchanges tell FOX Business the halts, which can be used for unusual trading in any security, will allow time for officials to review the fast-moving developments impacting the shares. 

TickerSecurityLastChangeChange %
YNDXYANDEX NV18.94-1.38-6.79%
OZONOZON HOLDINGS PLC11.60-1.03-8.16%
GDEVNEXTERS6.38-0.12-1.85%
QIWIQIWI PLC5.67+0.51+9.88%
HHRHEADHUNTER GROUP PLC15.03+0.04+0.27%

At the Nasdaq, stocks included are Yandex, known as Russia's Google, and online retailer Ozon, as well as Nexters and QIWI and Head Hunter Group.

A Nasdaq spokesperson tells FOX Business the companies have been contacted and asked for information material to the ongoing situation between Russia and Ukraine and how it may impact business. 

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TickerSecurityLastChangeChange %
ICEINTERCONTINENTAL EXCHANGE INC.127.42-1.02-0.79%
NDAQNASDAQ INC.170.46-2.26-1.31%

Officials at the NYSE, which is owned by Intercontinental Exchange, declined to comment. 


https://www.foxbusiness.com/markets/nyse-nasdaq-halt-trading-of-russia-based-companies

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